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FSA

Investment

Blog: Why won't FOS tackle Capita on Arch cru

The Financial Ombudsman Service (FOS) has managed to reach several Final Decisions against IFAs over Arch cru, so why is it stalling on any investigation of the fund's multi-million pound authorised corporate director, Capita?

clock 14 June 2011 •

Regulation

FSA enforcement team 'helpful' but lacks technical knowledge

FSA enforcement staff were thought "helpful, flexible, courteous" and professional by firms they have investigated, but lacking in technical knowledge, the regulator has said.

clock 13 June 2011 •

Regulation

FSA spends extra £3m on contractors but stays under budget

The Financial Services Authority (FSA) spent £3.4m more than expected on staff costs in 2010/11, as it took on extra contractors to carry out 'project activity'.

clock 13 June 2011 •

Regulation

Biba presents 7000 strong FSCS petition to Parliament

The British Insurance Brokers' Association (Biba) has presented a petition of nearly 7000 member signatures to Parliament demanding the acceleration of the review into the funding of the Financial Services Compensation Scheme (FSCS).

clock 13 June 2011 •

uncategorised

FSA warns consumers over pension loan schemes

The Financial Services Authority (FSA) has issued a warning to consumers over pension reciprocation plans (PRPs) and other pension unlocking schemes.

clock 13 June 2011 •

Service

FSA grants banks extension on PPI complaints

The FSA has agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints.

clock 13 June 2011 •

Your profession

Miss anything? This week's key stories

Plenty of news to digest once again after another busy week in the world of financial advice...

clock 10 June 2011 •

RDR

CII expects 11m more will seek advice post-RDR

Up to 11 million additional people could seek financial advice if the aims of the retail distribution review (RDR) are explained to them properly, the Chartered Insurance Institute (CII) estimates.

clock 10 June 2011 •

Regulation

FSA guidance on ETV exercises 'out of date'

FSA guidance on giving pensions transfer advice to members of defined benefit occupational pension schemes as part of an enhanced transfer value (ETV) exercise is out of date, consultancy Aon Hewitt says.

clock 10 June 2011 •

Investment

Keydata: IMA says scale of failure on par with Barlow Clowes

The Investment Management Association (IMA) has called for an independent review into the collapse of Keydata and other investment firms and said the scale of recent failures has not been seen since the Barlow Clowes scandal of the 1980s.

clock 10 June 2011 •
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